Sheila Corporation owns 75% of the outstanding stock of Joan Company, acquired at book value during 2014. Selected information from the accounts of Sheila and Joan for 2016 are as follows: Sheila Joan Sales P1,350,000 P750,000 Cost of Goods Sold 735,000 285.000 During 2016, Sheila sold merchandise to Joan for P75,000 at a gross profit of P30,000. Half of this merchandise remained in Joan's inventory at December 31, 2016. Joan's December 31, 2015 inventory included unrealized profit of P6,000 on goods acquired from Sheila. In the consolidated statement of comprehensive income for Sheila Corporation and Subsidiary for the year 2016, consolidated sales and cost of goods sold should be: O P2,175,000 and P936,000 OP2,025,000 and P936,000 O P2,175,000 and P954,000 O P2,025,000 and P954,000 Sheila Corporation owns 75% of the outstanding stock of Joan Company, acquired at book value during 2014. Selected information from the accounts of Sheila and Joan for 2016 are as follows: Sheila Joan Sales P1,350,000 P750,000 Cost of Goods Sold 735,000 285.000 During 2016, Sheila sold merchandise to Joan for P75,000 at a gross profit of P30,000. Half of this merchandise remained in Joan's inventory at December 31, 2016. Joan's December 31, 2015 inventory included unrealized profit of P6,000 on goods acquired from Sheila. In the consolidated statement of comprehensive income for Sheila Corporation and Subsidiary for the year 2016, consolidated sales and cost of goods sold should be: O P2,175,000 and P936,000 OP2,025,000 and P936,000 O P2,175,000 and P954,000 O P2,025,000 and P954,000